120-Day Clock Begins on iHeart Foreign Ownership Review

The 120-day initial national security review for iHeartMedia’s request for declaratory ruling on its level of foreign ownership began Thursday, said the Committee for the Assessment of Foreign Participation in the U.S. Telecom Services Sector, in a letter to the FCC posted in docket 21-141 Friday. The FCC “will be notified promptly in the event of an extension of the 120-day initial review period or the need arises to conduct a 90-day secondary assessment,” the letter said. IHeart has been battling with investor Global Media & Entertainment Investments over how much the company’s allowed percentage of foreign ownership should be increased (see 2106090077).